The head of the British Bankers’ Association, Angela Knight CBE, has told a Northern Ireland audience that today’s banks are ‘more careful, more realistic and more mindful of societal responsibilities’.
She was speaking at the Chief Executives’ Club at Queen’s University on Monday. She also reported on the most recent changes affecting banking, the future implications for the economy, the implications of changes arising from both UK and European Union reform agendas and the likely effects of a range of international standard setters.
Ms Knight has stated that banks understand their societal responsibilities and are committed to constructive and productive relationships.
“We recognise that, along with Government and the regulators, we must take responsibility for our part in past mistakes,” she said.
“We have already made great changes to how we operate and are at the table for further change.”